NorthMarq Capital arranges $3.8 million bridge-acquisition financing for Lynn Village Apartments in Lynn Haven, Florida
Lynn Village Apts
DENVER (November 23, 2015) – NorthMarq Capital’s Denver office arranged bridge-acquisition financing of $3,800,000 for Lynn Village Apartments located at 905 26th Street W., Lynn Haven, Florida. Constructed in 1985-1986, the community consists of 151 units contained in sixteen residential buildings. The property will undergo massive renovations and we were able to fund nearly 75 percent of the total cost budget on a non-recourse basis. Amenities feature onsite laundry facility, individual patios/gardens and an outdoor picnic area. Units have central A/C, washer/dryer connections and vaulted ceilings. Mark Jeffries, vice president and Conor McCahill, investment analyst arranged the financing for the borrower.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
